DATELINE: SOUTH BOSTON, MA…
For many homeowners, remodeling or upgrading their existing home remains an appealing option in an uncertain real estate market. The question is, which projects offer the best return on investment in the long run?
John Wood, founder and CEO of Hub Plumbing & Mechanical of Boston offers some suggestions on upgrade and remodeling projects that involve his area of expertise – anything that involves plumbing or HVAC considerations, including, of course, bathrooms and kitchens.
First of all, it’s important to decide what your goal is – maintenance and repair or a lifestyle improvement? Do you want to simply upgrade tired fixtures or do you want to invest in a lavish gourmet kitchen, or a spa-like retreat to replace an existing bath?
Notes Wood, “Plumbing is tricky; it’s not just a matter of running a few pipes to accommodate new fixtures or appliances. Depending on the age and condition of your home, you may be facing a hodge-podge of materials and plumbing “fixes” that have been incorporated over the years. You need to realistically determine what you can afford, establish a budget, and stick to it.”
That said, which projects not only provide comfort and style, but also offer a good long-term return on your investment? Using Remodeling Magazine’s 2007 Cost vs. Value Report for the New England region as a basis, a minor kitchen remodel, which would include a mid grade replacement of existing plumbing fixtures, would recoup an 86% return on investment (ROI.) A major mid range kitchen remodel, with features such as a double stainless-steel sink and a center island, would deliver a 77.7% ROI. An upscale kitchen remodel, utilizing elements such as designer fixtures, and a built-in water filtration system, would have an ROI of 76.7%
A mid-range bathroom remodel that would include the replacement of all plumbing fixtures, would deliver a 74.8% return on investment, while a midrange bathroom addition would yield an ROI of 65.8%. An upscale bathroom remodel, which would expand the bathroom within the existing footprint of the house, relocating all fixtures to accommodate a whirlpool and separate shower, would result in a 64.3% ROI, while an upscale bathroom addition, increasing the footprint of the house, would have an ROI of 64.1%
Once you decide what improvements you would like to pursue, don’t forget the basics when planning an upgrade or remodeling project. Research contractors by license number to make sure that they ARE licensed, and to see if any complaints have been filed against them. References should also be readily available and should be checked for verification. Also, don’t forget to ask for a copy of the contractor’s insurance binder.
About Hub Plumbing & Mechanical
Hub Plumbing & Mechanical was established in 1999 and now includes a staff of 16 full time employees. This full service plumbing company assists residential and commercial customers with code violations, sewer/drain clogs, garbage disposals, water heaters, water filtration, steam and hot water boilers, thermostats, leaky faucets, tub valves, gas pipes, appliance installation, outside hose faucets, and residential HVAC service.
Hub Plumbing & Mechanical was recently highlighted in a new book entitled “The Celebrity Experience” where Hub Plumbing & Mechanical’s Red Carpet Service was cited as an example of how it’s possible to create faithful life long customers by showering them with treatment usually reserved for celebrities.
Hub Plumbing and Mechanical’s signature Red Carpet service features experienced teams of licensed technicians who not only protect your floors with a red carpet, but also cover their work boots with stain-resistant booties, wear ID badges for security purposes, and arrive on time and smartly dressed in crisp, clean uniforms.
The company does not charge by the hour, but by the specific project. Hub Plumbing & Mechanical is available 24 hours a day and 7 seven days a week to provide immediate access and peace of mind. Dedicated 2nd and 3rd shift night dispatchers internally handle all calls at Hub Plumbing & Mechanical, not an answering service. The difference between the two enables Hub Plumbing & Mechanical to get real-time info on the customer 24/7 to expedite the call as efficiently as possible.
Hub Plumbing & Mechanical Inc. is located at 70 Old Colony Avenue in South Boston, MA 02127. For more information about Hub Plumbing & Mechanical call 1-866-HUBPLUMBING (482-7586), email email@example.com, or visit www.hubplumbing.com.